Tax Evasion Lawyers in East Chicago

In Indiana "tax evasion" is the crime of failing to pay the taxes that they owe.

Usually, tax evasion is accompanied by an attempt to make it appear to the government of East Chicago, Indiana that one's tax liability is lower than it actually is. This can include concealing income, making fraudulent transfers of property, and other illegal activities.

It's important not to confuse "tax avoidance" and "tax evasion." They are two different things, but some people mistakenly use them interchangeably. Tax avoidance involves using legal methods, such as tax deductions and exemptions, in a strategic manner, for the purpose of reducing one's tax liability. Tax avoidance is perfectly legal. Tax evasion involves fraud, and a deliberate attempt to avoid meeting one's legal obligations to pay taxes.

Penalties for Tax Evasion in East Chicago, Indiana

Under federal and state law, including the laws of Indiana, tax evasion is a very serious crime.

In East Chicago, the punishments for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to fines in the tens (or hundreds) of thousands of dollars, and imprisonment.

However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not normally so severe, especially when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

However, if it can be clearly proven that a person or corporation in East Chicago, Indiana willfully attempted to hide income or assets for the purpose of getting out of taxes, a court will probably throw the book at them, so to speak. This can mean jail sentences measured in years, and fines in the six or seven figures.

A East Chicago, Indiana Tax Evasion Lawyer Can Help

Tax lawyers in East Chicago, Indiana can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.

Of course, if you've really been accused of tax evasion, you should retain an East Chicago, Indiana tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.